Disallowance justified for non deduction of TDS on Provision for Audit Fees

Citadel Fine Pharmaceuticals (P.) Ltd. Vs ACIT (ITAT Chennai) Assessee had made provision for audit fees to the account of the payee which had clearly attracted the provisions of section 194J and non-deduction of tax at source would automatically invite disallowance under section 40(a)(ia). FULL TEXT OF THE ITAT JUDGMENT 1.  These appeals by the Assessee arise out of the common orders of the Learned Commissioner of Income Tax(Appeals)-5, Chennai [in short the ld CIT(A)] in Appeal Nos.72 & 73/CIT(A)-5/13-14 dated 20.06.2017 against the orders passed by the ACIT, Circle-I(3), Chennai[ in sh...